Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2024

• 29 September 2024 11:52 pm

  Financial Markets Weekly Recap: US Data supports Fed’s inclination to more aggressive rate cut

  

  Last week, risk assets and gold emerged as the clear winners over the dollar in the financial markets race. This was fueled by recent economic data releases from the United States, which reinforced the perception of price stability and strengthened the likelihood of continued interest rate cuts by the Federal …

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• 27 September 2024 11:31 pm

  Dollar Under Pressure as Inflation Data Shows Cooling Trend

  

  The US Dollar (USD) faced downward pressure following the release of August’s Personal Consumption Expenditure (PCE) data, a preferred inflation indicator for the Federal Reserve. The headline PCE inflation rate came in below expectations, suggesting a potential cooling in price pressures.The softer-than-anticipated inflation data has led to a reevaluation of …

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• 27 September 2024 10:32 pm

  US Stocks Extend Rally Amid Cooling Inflation

  

  US equities continued their upward trajectory for a third consecutive week, buoyed by reassuring economic data that suggests a potential soft landing for the economy. Despite a minor pullback on Friday, investors remained optimistic as inflation indicators and consumer sentiment data painted a favorable picture. The S&P 500 index displayed …

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• 27 September 2024 8:33 pm

  ECB’s October Rate Cut Looms as Eurozone’s Inflation Eases

  

  The European Central Bank’s (ECB) attention is shifting from inflation to economic growth, paving the way for a potential interest rate cut at its October meeting. Declining inflation rates in France and Spain, coupled with rising unemployment and economic stagnation in Germany, suggest that the Eurozone economy requires monetary policy …

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• 27 September 2024 7:41 pm

  Sterling Rebounds Following Softer US PCE Data

  

  The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US PCE inflation data. The Sterling surged against the US Dollar (USD) on Friday, buoyed by a surprising slowdown in US inflation. The unexpected decline in the Personal Consumption Expenditure Price Index (PCE), the Federal Reserve’s …

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• 27 September 2024 2:42 pm

  European Markets Hit New Highs Amid China-Driven Rally

  

  European stock markets reached a fresh record high in mid-morning trading on Friday, fueled by strong momentum from a rally in Asia, led by China. As of 05:13 ET (09:13 GMT), the pan-European Stoxx 600 index rose by 0.3% to 526.92, having previously hit an intraday high of 526.51. Germany’s …

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• 27 September 2024 12:20 pm

  Germany’s Unemployment Rate Exceeds Expectations in September

  

  The number of unemployed individuals in Germany increased more than anticipated in September, according to data released by the federal labor office on Friday. The report indicated that the number of unemployed rose by 17,000, reaching a total of 2.82 million when adjusted for seasonal variations. Analysts surveyed by Reuters …

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• 27 September 2024 11:05 am

  Japanese Yen Gains as Shigeru Ishiba Wins Leadership Race; U.S. Dollar Faces Pressure

  

  The Japanese Yen (JPY) managed to recover its daily losses following the news that Shigeru Ishiba, the former Defense Chief, won the Liberal Democratic Party (LDP) leadership race, securing his position as Japan’s new Prime Minister. This political development has provided support for the yen, but some traders remain cautious …

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• 27 September 2024 11:00 am

  Oil Prices Decline for Third Day, Focus on Libya and OPEC+ Output

  

  Oil prices eased on Friday, marking the third consecutive day of declines, as investors monitored expectations of increased output from Libya and the broader OPEC+ group. However, the decline was somewhat limited by fresh stimulus measures from China, the world’s top oil importer. Market Overview As of 04:33 GMT, Brent …

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• 27 September 2024 3:07 am

  Market Drivers; US Session, September 26

  

  The Greenback navigated quite a bearish session on Thursday, giving away a big chunk of Wednesday’s gains despite higher yields and amidst a persistently firm sentiment in the risk-associated universe. The value of the US Dollar decreased significantly, which was good for riskier investments. The main focus will be on …

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• 27 September 2024 2:48 am

  Gold Bulls Remain Cautious Ahead of US PCE Price Index

  

  Gold prices, having recently reached a new all-time high, are currently facing a period of consolidation as investors await the release of the US Personal Consumption Expenditure (PCE) Price Index. While the market is anticipating a further easing of monetary policy by the Federal Reserve, the upcoming inflation data could …

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• 27 September 2024 12:43 am

  Saudi Arabia’s Production Boost Weighs on WTI

  

  The Global Oil Landscape ShiftsThe recent announcement from Saudi Arabia to increase oil production has sent ripples through the global energy market. West Texas Intermediate (WTI), the US crude oil benchmark, has been under pressure as a result.While Saudi Arabia’s decision to boost production offers a potential solution to global …

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• 26 September 2024 11:35 pm

  Potential Impact of Chinese Stimulus on Investor Portfolios

  

  The latest decisions taken by Beijing to revitalize the Chinese economy are having a noteworthy impact on the international market. China’s economy, the second largest worldwide, has a lot of ramifications, particularly for Western businesses who have a lot of exposure to the area. Let’s examine how this stimulus can …

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